U.S. could become world’s biggest oil producer in 2018

The United States could soon be pumping more oil than any country on earth.

The International Energy Agency said Friday that “explosive” increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.

“This year promises to be a record-setting one for the U.S.,” the IEA said. “Relentless growth should see the U.S. hit historic highs.”